22 Excuses why Baby Boomers fail to control their Nest Eggs in Retirement

I thought I’d have some fun with the serious business of why Baby Boomers often fail to take control of their nest eggs. Here are 22 reasons I thought of that might cause this to happen. I’m sure there are many more. If you have one or more why not add them to the list?

  1. I don’t understand financial things at all, I leave that to the professionaltake control of your nest egg in retirements.
  2. My partner/spouse handles all our financial issues.
  3. My financial planner does all that for me.
  4. I don’t have enough money to worry about.
  5. I am nowhere near retirement yet.
  6. I believe it will all be fine when I retire.
  7. I have plenty of money in my nest egg so I needn’t worry about it.
  8. I doubt I’ll ever have enough to retire.
  9. I intend working for as long as I can.
  10. I’d rather spend it now and live off social security if I have to.
  11. My kids will look after me in my old age.
  12. I’m waiting on an inheritance from my relatives.
  13. It’s none of your business.
  14. I don’t like to think about it.
  15. The government will take care of me.
  16. I am going to downsize and live off the excess.
  17. I am moving to a less expensive location.
  18. I’m going to find someone rich to marry.
  19. I’m going to make my fortune on the Internet.
  20. I’m going to work part-time in retirement.
  21. I have a friend in the business.
  22. I have a friend who knows someone.

Most of us hate thinking about financial matters. A dentist drill may be more welcome than facing the reality of managing our nest egg. But failure to take control of our nest egg could seriously jeopardise our long term financial survival in retirement. Conversely, a little time spent learning how to take control of our nest egg could seriously enhance our long term survival. This does not necessarily mean doing our own investing. It may just mean learning how to manage our financial planner.

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2 Responses to “22 Excuses why Baby Boomers fail to control their Nest Eggs in Retirement”

  1. […] admin ’s site is fantastic! I thought I’d share the latest post on the site which grabbed my attention: 22 Excuses why Baby Boomers fail to control their Nest Eggs in … […]

  2. Kwoff.com says:

    22 Excuses why Baby Boomers fail to control their Nest Eggs in Retirement | Protect Your Nest Egg in Retirement…

    I am the author of this article. I wrote it after talking with several Baby Boomer friends about their nest eggs. I found many of them really did not want to get involved but preferred to just leave it to someone else to worry about. It is a light-hear…

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